The legislation also increases the deficit reduction target for the Joint Committee by the amount of the cost of the jobs package and specifies that, if the Committee reaches that higher target, then their measures would replace and turn off the specific offsets in this legislation.

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"It is a very important day for the German parliament today... and I am happy that we managed to get a package for stabilising the euro, " she said at a joint news conference with the visiting British Prime Minister, David Cameron.

BBC: Germans approve euro rescue plan

The conservative package of collectivism and conformity, by contrast, works in an unstable environment where joint action, and thus obedience to their group, are at a premium.

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And on top of all of this is the threat of future defense cuts that would be triggered by the budget control act's sequester mechanism in the event that the joint committee, which Frank mentioned I happen to serve on, doesn't come up with a spending reduction package that Congress can pass.

CENTERFORSECURITYPOLICY: Center For Security Policy